Newly released financial documents show that multi-millionaire John McCain can't even balance his family budget.Sen. John McCain (R-Ariz.) and his wife reported more than $100,000 of credit card liabilities, according to financial disclosure documents released Friday.
The presidential candidate and his wife Cindy reported piling up debt on a charge card between $10,000 and $15,000. His wife’s solo charge card has between $100,000 and $250,000 in debt to American Express.
Another charge card with American Express, this one for a "dependent child," is carrying debt in the range of $15,000 and $50,000.
Reckless indebtedness during a year in which Cindy McCain sold one of their 10 or so residences for a profit of more than a million dollars. That is a pretty sure sign of financial irresponsibility. By contrast, documents for the far less wealthy Obama family show that they have no credit card debt. Quite the opposite, the Obamas have set aside funds for their daughters' college education.
Ewwwww...the horror.
Of course one could read the same story and pull out this:
Obama reported $4.1 million in book royalties, while McCain reported $176,508, which the Republican said was donated to charity.
In 2005, Obama received an advance of $1.9 million from Random House Inc. for his book The Audacity of Hope. Obama said $200,000 of that advance went to charity.
So, McCain gave 100% of this income to charity, while Obama gave 4.8%.
I also saw this which made me a little sick:
McCain received an annual pension from the U.S. Navy that is worth more than $58,000.
...
Obama reported between $50,001 and $100,000 in pensions from his work as an Illinois state legislator
Serve your country in the military, get captured and tortured by the enemy, and if you survive you can look forward to 58K for as long as your broken body still functions.
Serve eight years as an Illinois legislator and sit back on up to 100K for life.
Something is seriously wrong here.
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